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10-Q Filing

ADVANCED ENERGY INDUSTRIES INC CIK: 927003 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0000927003-13-000018
Period End Date 20130331
Filing Date 20130508
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance aeis-20130331.xml
Filing Contents
Balance Sheet 90 line items
Line Item Tag Value Unit Period
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $4.59M USD Point-in-time
Accounts receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $4.61M USD Point-in-time
Inventory, reserves InventoryValuationReserves $14.63M USD Point-in-time
Inventory, reserves InventoryValuationReserves $14.52M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $146.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $125.42M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $117.64M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $169.73M USD Point-in-time
Marketable securities AvailableForSaleSecuritiesEquitySecuritiesCurrent $25.68M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1,000.00 shares Point-in-time
Marketable securities AvailableForSaleSecuritiesEquitySecuritiesCurrent $12.54M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1,000.00 shares Point-in-time
Accounts receivable, net of allowances of $4,606 and $4,589, respectively AccountsReceivableNetCurrent $83.91M USD Point-in-time
Accounts receivable, net of allowances of $4,606 and $4,589, respectively AccountsReceivableNetCurrent $96.74M USD Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Inventories, net of reserves of $14,521 and $14,629, respectively InventoryNet $81.48M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventories, net of reserves of $14,521 and $14,629, respectively InventoryNet $79.52M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetCurrent $19.48M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetCurrent $19.46M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $4.32M USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 70,000.00 shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 70,000.00 shares Point-in-time
Income taxes receivable IncomeTaxesReceivable $3.09M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 37,991.00 shares Point-in-time
Other current assets OtherAssetsCurrent $9.07M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 39,238.00 shares Point-in-time
Other current assets OtherAssetsCurrent $8.34M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 37,991.00 shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 39,238.00 shares Point-in-time
Total current assets AssetsCurrent $370.51M USD Point-in-time
Total current assets AssetsCurrent $389.42M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $39.52M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $37.14M USD Point-in-time
Deposits and other UncertainTaxPositionsAndOtherDeposits $7.53M USD Point-in-time
Deposits and other UncertainTaxPositionsAndOtherDeposits $7.42M USD Point-in-time
Goodwill Goodwill $59.88M USD Point-in-time
Goodwill Goodwill $60.39M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $46.21M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $43.71M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetNoncurrent $13.96M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetNoncurrent $14.00M USD Point-in-time
Total assets Assets $538.16M USD Point-in-time
Total assets Assets $551.53M USD Point-in-time
Accounts payable AccountsPayableCurrent $41.04M USD Point-in-time
Accounts payable AccountsPayableCurrent $42.52M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $11.03M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.43M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $8.32M USD Point-in-time
Accrued payroll and employee benefits EmployeeRelatedLiabilitiesCurrent $11.68M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualClassifiedCurrent $7.42M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualClassifiedCurrent $8.22M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $15.37M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $15.40M USD Point-in-time
Customer deposits CustomerDepositsAndDeferredRevenueCurrent $3.52M USD Point-in-time
Customer deposits CustomerDepositsAndDeferredRevenueCurrent $2.08M USD Point-in-time
Total current liabilities LiabilitiesCurrent $82.38M USD Point-in-time
Total current liabilities LiabilitiesCurrent $88.65M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $20.97M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $16.83M USD Point-in-time
Uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $13.67M USD Point-in-time
Uncertain tax positions LiabilityForUncertainTaxPositionsNoncurrent $13.67M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualNoncurrent $5.52M USD Point-in-time
Accrued warranty expense ProductWarrantyAccrualNoncurrent $7.38M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $24.19M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $24.00M USD Point-in-time
Total liabilities Liabilities $146.73M USD Point-in-time
Total liabilities Liabilities $150.53M USD Point-in-time
Commitments and contingencies (Note 17) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 17) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.001 par value, 1,000 shares authorized, none issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $0.001 par value, 1,000 shares authorized, none issued and outstanding PreferredStockValue - USD Point-in-time
Common stock, $0.001 par value, 70,000 shares authorized; 39,238 and 37,991 issued and outstanding, respectively CommonStockValueOutstanding $39.00K USD Point-in-time
Common stock, $0.001 par value, 70,000 shares authorized; 39,238 and 37,991 issued and outstanding, respectively CommonStockValueOutstanding $38.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $212.52M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $225.71M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $145.35M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $152.17M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $26.88M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $29.73M USD Point-in-time
Total stockholders' equity StockholdersEquity $404.80M USD Point-in-time
Total stockholders' equity StockholdersEquity $387.63M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $538.16M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $551.53M USD Point-in-time
Income Statement 49 line items
Line Item Tag Value Unit Period
SALES SalesRevenueNet $111.81M USD 1 Quarter
SALES SalesRevenueNet $105.79M USD 1 Quarter
COST OF SALES CostOfGoodsAndServicesSold $66.04M USD 1 Quarter
COST OF SALES CostOfGoodsAndServicesSold $69.97M USD 1 Quarter
GROSS PROFIT GrossProfit $39.74M USD 1 Quarter
GROSS PROFIT GrossProfit $41.84M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $14.25M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $15.12M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $17.65M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $20.06M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.21M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.21M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $1.37M USD 1 Quarter
Restructuring charges RestructuringCharges - USD 1 Quarter
Restructuring charges RestructuringCharges $2.58M USD 1 Quarter
Total operating expenses OperatingExpenses $39.12M USD 1 Quarter
Total operating expenses OperatingExpenses $34.12M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $7.72M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $623.00K USD 1 Quarter
OTHER INCOME (EXPENSE), NET OtherNonoperatingIncomeExpense $411.00K USD 1 Quarter
OTHER INCOME (EXPENSE), NET OtherNonoperatingIncomeExpense $-203.00K USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.03M USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $7.52M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $690.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $268.00K USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS, NET OF INCOME TAXES IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $766.00K USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS, NET OF INCOME TAXES IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $6.83M USD 1 Quarter
Income from discontinued operations, net of income taxes DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax - USD 1 Quarter
Income from discontinued operations, net of income taxes DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax $303.00K USD 1 Quarter
NET INCOME NetIncomeLoss $6.83M USD 1 Quarter
NET INCOME NetIncomeLoss $1.07M USD 1 Quarter
Basic weighted-average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 38.77M shares 1 Quarter
Basic weighted-average common shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 40.78M shares 1 Quarter
Diluted weighted-average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 39.60M shares 1 Quarter
Diluted weighted-average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 41.29M shares 1 Quarter
BASIC EARNINGS PER SHARE IncomeLossFromContinuingOperationsPerBasicShare $0.18 USD 1 Quarter
BASIC EARNINGS PER SHARE IncomeLossFromContinuingOperationsPerBasicShare $0.18 USD 1 Quarter
BASIC EARNINGS PER SHARE IncomeLossFromContinuingOperationsPerBasicShare $0.02 USD 1 Quarter
DILUTED EARNINGS PER SHARE IncomeLossFromContinuingOperationsPerDilutedShare $0.17 USD 1 Quarter
DILUTED EARNINGS PER SHARE IncomeLossFromContinuingOperationsPerDilutedShare $0.17 USD 1 Quarter
DILUTED EARNINGS PER SHARE IncomeLossFromContinuingOperationsPerDilutedShare $0.02 USD 1 Quarter
BASIC EARNINGS PER SHARE IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
BASIC EARNINGS PER SHARE IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.01 USD 1 Quarter
DILUTED EARNINGS PER SHARE IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.01 USD 1 Quarter
DILUTED EARNINGS PER SHARE IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
BASIC EARNINGS PER SHARE EarningsPerShareBasic $0.03 USD 1 Quarter
BASIC EARNINGS PER SHARE EarningsPerShareBasic $0.18 USD 1 Quarter
DILUTED EARNINGS PER SHARE EarningsPerShareDiluted $0.17 USD 1 Quarter
DILUTED EARNINGS PER SHARE EarningsPerShareDiluted $0.03 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $6.83M USD 1 Quarter
Net income NetIncomeLoss $1.07M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.21M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.29M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.03M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $5.01M USD 1 Quarter
Provision (benefit) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $478.00K USD 1 Quarter
Provision (benefit) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $4.12M USD 1 Quarter
Restructuring charges RestructuringCharges $2.58M USD 1 Quarter
Restructuring charges RestructuringCharges - USD 1 Quarter
Net loss on sale or disposal of assets GainLossOnSaleOfPropertyPlantEquipment $-632.00K USD 1 Quarter
Net loss on sale or disposal of assets GainLossOnSaleOfPropertyPlantEquipment $-289.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $13.78M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-28.76M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-1.43M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.31M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $-1.11M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $-167.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.86M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-6.82M USD 1 Quarter
Other current liabilities and accrued expenses IncreaseDecreaseInOtherCurrentLiabilitiesAndAccruedExpenses $3.40M USD 1 Quarter
Other current liabilities and accrued expenses IncreaseDecreaseInOtherCurrentLiabilitiesAndAccruedExpenses $-1.75M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxes $-1.78M USD 1 Quarter
Income taxes IncreaseDecreaseInIncomeTaxes $-5.38M USD 1 Quarter
Non-current assets IncreaseDecreaseInOtherNoncurrentAssets - USD 1 Quarter
Non-current assets IncreaseDecreaseInOtherNoncurrentAssets - USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $34.69M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-549.00K USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $11.63M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $4.33M USD 1 Quarter
Proceeds from sale of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $4.56M USD 1 Quarter
Proceeds from sale of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $24.72M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.42M USD 1 Quarter
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.12M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $11.68M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-2.89M USD 1 Quarter
Purchase and retirement of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Purchase and retirement of common stock PaymentsForRepurchaseOfCommonStock $21.93M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $13.11M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $101.00K USD 1 Quarter
Excess tax from stock-based compensation deduction ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-254.00K USD 1 Quarter
Excess tax from stock-based compensation deduction ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-947.00K USD 1 Quarter
Other financing activities RepaymentsOfLongTermCapitalLeaseObligations $26.00K USD 1 Quarter
Other financing activities RepaymentsOfLongTermCapitalLeaseObligations $23.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $12.14M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-22.11M USD 1 Quarter
EFFECT OF CURRENCY TRANSLATION ON CASH EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-100.00K USD 1 Quarter
EFFECT OF CURRENCY TRANSLATION ON CASH EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-1.91M USD 1 Quarter
INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $7.78M USD 1 Quarter
INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $23.16M USD 1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $146.56M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $125.42M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $117.64M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $169.73M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $169.73M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $146.56M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $125.42M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $117.64M USD Point-in-time
Cash paid for interest InterestPaidNet $14.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $3.00K USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $5.01M USD 1 Quarter
Cash paid for income taxes IncomeTaxesPaid $1.17M USD 1 Quarter
Cash received for refunds of income taxes ProceedsFromIncomeTaxRefunds $1.30M USD 1 Quarter
Cash received for refunds of income taxes ProceedsFromIncomeTaxRefunds $5.00K USD 1 Quarter
Cash held in banks outside the United States of America CashHeldInBanksOutside $57.03M USD 1 Quarter
Cash held in banks outside the United States of America CashHeldInBanksOutside $14.10M USD 1 Quarter
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $6.83M USD 1 Quarter
Net income NetIncomeLoss $1.07M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.80M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.83M USD 1 Quarter
Unrealized gains (losses) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-7.00K USD 1 Quarter
Unrealized gains (losses) on marketable securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $19.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-710.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $3.98M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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